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Dec 6, 2012
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this has been a 9 news fiscal cliff note. >>> sources tell the associated press president obama will ask the congress for $50 billion in the aftermath of superstorm sandy. now the late october storm was one of the worst to ever hit the northeast section of the country and out in crisfield, maryland, along the eastern shore there's plenty of debris out there. homeowners are still working to repair damage and waiting for any form of federal aid they can get. >>> one maryland community wants to take major action against a plant. residents in mount rainier say their neighborhood is so plagued by bamboo they want it banned altogether. scott broom with the pictures. >> reporter: bamboo, an asian import, invasive species that's become a plague in mount rainier, maryland. it's the most bamboo infested city in the state. you had a term for it. >> the devil's weed. >> reporter: and well known dramatic actor bus howard is under siege and at wit's end. >> we had a garden and all of that and now there's nothing. can you see this root action? see how gnarly that looks. this thing actually looks li
this has been a 9 news fiscal cliff note. >>> sources tell the associated press president obama will ask the congress for $50 billion in the aftermath of superstorm sandy. now the late october storm was one of the worst to ever hit the northeast section of the country and out in crisfield, maryland, along the eastern shore there's plenty of debris out there. homeowners are still working to repair damage and waiting for any form of federal aid they can get. >>> one maryland...
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Dec 7, 2012
12/12
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WUSA
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. >>> president obama says the approaching fiscal cliff is going to add some stress for a lot of american families over this holiday season. there are just 25 days to go now until the tax hikes and the budget cuts go into effect. that is unless our leaders can make a deal. the white house has made it clear, we could go over that cliff if republicans refuse to raise tax rates on the top 2% of american earners. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives awe sense of the costs involved in very personal terms. >> now, from the republican perspective they say they would like to close some loopholes and eliminate tax breaks but they insist that the bush-era tax cuts must be extended for all americans. >>> new at 11:00, president obama on the phone with the president of egypt, pressing him about protests that have now turned deadly. here's the scene in cairo. at least six people dead, hundreds more injured. the trouble all started when morrisey granted himself broad new powers. hat grown worse after he put in plac
. >>> president obama says the approaching fiscal cliff is going to add some stress for a lot of american families over this holiday season. there are just 25 days to go now until the tax hikes and the budget cuts go into effect. that is unless our leaders can make a deal. the white house has made it clear, we could go over that cliff if republicans refuse to raise tax rates on the top 2% of american earners. >> for them to be burdened unnecessarily because democrats and...
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Dec 6, 2012
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do you support the obama administration's decision to go over the cliff? that does it for this edition of "news nation." thanks for hanging with us. i'm tamron hall. we'll see you tomorrow. "the cycle" is up next. o think medicare and... social security are just numbers in a budget. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions that strengthen medicare and... social security for generations to come. we can do better than a last minute deal... that would hurt all of us. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the ban
do you support the obama administration's decision to go over the cliff? that does it for this edition of "news nation." thanks for hanging with us. i'm tamron hall. we'll see you tomorrow. "the cycle" is up next. o think medicare and... social security are just numbers in a budget. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price....
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Dec 5, 2012
12/12
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. >>> another big story, the fiscal cliff debate. and fox 5 learned that president obama and john boehner spoke on the issue today, but the results have not been made public. the white house is asking federal agencies to plan for $100 billion in spending cuts and that is what happened if not resolved. administration believes the deal will be done. john boehner made an offer earlier this week putting $800 billion on new revenue on the table. he got hit hard by the administration and members of his own party. >> we have to cut spending and, i believe, it's super flowous. >> and that is a law, higher rates to go up for the 2072%, including all of you. yes. >> reporter: president obama was speaking to business leaders when he made the comment. he insists he will veto any bill not including tax increases on wealthier americans. >>> the defense department started planning for the roughly $500 billion in personnel cuts. the pin is not talking to the defense contractors of public plans. >>> the council made it clear that it's not following t
. >>> another big story, the fiscal cliff debate. and fox 5 learned that president obama and john boehner spoke on the issue today, but the results have not been made public. the white house is asking federal agencies to plan for $100 billion in spending cuts and that is what happened if not resolved. administration believes the deal will be done. john boehner made an offer earlier this week putting $800 billion on new revenue on the table. he got hit hard by the administration and...
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Dec 6, 2012
12/12
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WBAL
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president obama is taking the fiscal cliff fight from the oval office into the living room as he heads to virginia. how he is highlighting his call to raise the taxes of the rich from a middle-class family. >> the kids behind me started collecting a few toys for the victims of the superstorm sandy victims >> it is that time of year again and we need you mittens. officials are collecting winter gear as part of the mitten campaign. you are asked to donate any winter gear that includes caps, gloves, scarves they will be donated for anyone who needs it this holiday season. you can mail your donations and to find out how to do that you can go to our website, wbaltv.com. two baltimore children are thinking of others this holiday season. they are trying to get as many toys as possible for victims of superstorm sandy. >> stuffed animals, games, and blocks. >> 5-year-old sadie and 6-year-old tyler take a good look at the toys they will be giving away. the kids and their families are parter ins to help make christmas special for victims of superstorm sandy. >> their toys got broken and they coul
president obama is taking the fiscal cliff fight from the oval office into the living room as he heads to virginia. how he is highlighting his call to raise the taxes of the rich from a middle-class family. >> the kids behind me started collecting a few toys for the victims of the superstorm sandy victims >> it is that time of year again and we need you mittens. officials are collecting winter gear as part of the mitten campaign. you are asked to donate any winter gear that includes...
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Dec 6, 2012
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and house speaker john boehner spoke by phone about the looming fiscal cliff. the hope is that this is a sign the two sides are trying to kick start negotiations. fox 5's bob barnard has more. >> i hope he with can come together. it is important to avoid the fiscal cliff and to do it the right way. >> reporter: doing it the right with a depends on who you are speaking to. i asked chris van hollen what happens if the white house and republicans in congress cannot reach a deal by january 1st. >> it doesn't necessarily mean january 2nd the world falls apart. but what it does mean is, if you go into january, deeply into january without having resolved these issues, taxes will go up across the board on everybody. that is a big tax increase. >> reporter: and deep across the board spending cuts in defense and other areas of the federal government. >> the plans that the white house has talked about thus far, they couldn't pass either house of the congress. >> reporter: president obama says he will not sign a bill without a tax increase on incomes over $250,000. he met
and house speaker john boehner spoke by phone about the looming fiscal cliff. the hope is that this is a sign the two sides are trying to kick start negotiations. fox 5's bob barnard has more. >> i hope he with can come together. it is important to avoid the fiscal cliff and to do it the right way. >> reporter: doing it the right with a depends on who you are speaking to. i asked chris van hollen what happens if the white house and republicans in congress cannot reach a deal by...
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Nov 30, 2012
11/12
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and "the wall street journal," obama's cliff offer spurned. i want to bring in joanne reed and molly ball, political reporter for "the atlantic." good to see both of you. good morning. >> good to be here. >> mitch mcconnell, we are told, literally laughed at the white house's offer. and if you listen to speaker boehner, it's not going very well. take a listen. >> i'm disappointed in where we are and disappointed in what's happened over the last couple of weeks. but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> and the speaker tweeted, "how serious is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so serious. and also, joanne, what is the strategy here, and is there a risk like looking like you're not really negotiating? >> well, you know, i think what's interesting is that there's the posture that everyone is taking in public, but then what you're hearing behind the scenes is that everyone's sort
and "the wall street journal," obama's cliff offer spurned. i want to bring in joanne reed and molly ball, political reporter for "the atlantic." good to see both of you. good morning. >> good to be here. >> mitch mcconnell, we are told, literally laughed at the white house's offer. and if you listen to speaker boehner, it's not going very well. take a listen. >> i'm disappointed in where we are and disappointed in what's happened over the last couple of...
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Dec 6, 2012
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. >>> the fiscal cliff countdown clock keeps on ticking tonight with no deal in place. just 25 days remain until the country could be pushed over the edge. today in northern virginia president obama visited a middle class falls church family. he says people like the centanas could be hit hardest if congress doesn't extend middle class tax cuts. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> the president proposed a plan that members of his own party won't even vote for. >> now the president does want tax rates to go up on the wealthiest americans. republicans are standing behind their counteroffer to close tax loopholes and limit some deductions instead. they say the president needs to deliver a new plan that congress can pass. >>> let's take live look right now. this is the ellipse where we are just moment as way from the lighting of the national -- moments away from the lighting of the national christmas tree. erica grow has been
. >>> the fiscal cliff countdown clock keeps on ticking tonight with no deal in place. just 25 days remain until the country could be pushed over the edge. today in northern virginia president obama visited a middle class falls church family. he says people like the centanas could be hit hardest if congress doesn't extend middle class tax cuts. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense...
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Dec 1, 2012
12/12
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president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel glickman for hosting me today and giving me a great tour. stand up so everybody can see you, guys. [cheers and applause] there you go. we have a couple of outstanding members of congress here. [cheers and applause] now, i just finished getting a tour of the workshop. i have to say it makes me wish that joel invented this stuff sooner when i was a kid. back then, you couldn't build a roller coaster out of your erector set. i got a chance to meet some of the folks who have been working around the clock to keep up with the christmas rush. that is a good thing. these guys are santa's extra elves. they manufacture almost 3000 pieces every minute. every box that ends up on store she
president obama talked about the so-called fiscal cliff and his proposal to end of the bush tax cuts on those earning more than two and a $50,000. ed -- more than $250,000. ["hail to the chief" plays] please have a seat. have a seat. relax for a second. it is good to see all of you. hello. it is good to be back in pennsylvania. it is good to be right here. i want to thank michael, robert, and the investor, joel glickman for hosting me today and giving me a great tour. stand up so...
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Nov 30, 2012
11/12
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. >> jennifer: as we crawl toward the fiscal cliff remember that president obama has the majority of the american electorate on his side. he has the majority of the u.s. senate on his side too. but the one place he does not have the majority is the house of representatives, of course, where republicans out number democrats. that's the only place republicans have any leverage. so what will the democrats there do to help the president out? minority leader nancy pelosi offered insight to have at meeting with second of treasury quite miles an hour. ry geithner. >> there are tough choices it isn't easy but it's necessary, i have confidence that my republican colleagues will see the light. and at least pass a new tax cut so we have that legal of confidence and we can go from there. >> jennifer: sound like she is saying the republicans might not be tough enough to do the right thing. sound like she's got the president's back. now, to take us inside the house democrat i can caucus we are turn to go a great reliable source house democrat maryland congresswoman donna edwards joins us from wash
. >> jennifer: as we crawl toward the fiscal cliff remember that president obama has the majority of the american electorate on his side. he has the majority of the u.s. senate on his side too. but the one place he does not have the majority is the house of representatives, of course, where republicans out number democrats. that's the only place republicans have any leverage. so what will the democrats there do to help the president out? minority leader nancy pelosi offered insight to...
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Dec 6, 2012
12/12
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WJLA
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investors appeared optimistic president obama fiscal cliff deal be reached in about a week. today thee mortgages, obama administration will seniors be really careful before signing those. a new starbucks store is likely to a neighborhood near you. the coffee giant plans to open cafes across the country over the next five averaging two new stores a day. >> 6:26 right now. go in as a 2.5 point favorite. >> the goal is to secure a playoff spot. the baltimore ravens have a big challenge of defending against robert griffin iii third. >> he is still a danger of the of his rookie season, but the proready in of fame so to speak. he said the nfl season -- single record by a quarterback. in case you forgot already, thursday, they beat the giants 17-16. >> hockey returns to the verizon least for one night. the game starts at 7:00 and is sold out. welcome boost for businesses in the area. >> positive signs in the nfl -- nhl after a nine hour meeting between players and owners. >> a lot of issues. there continue to be some issues between the two parties. the players association meet to t
investors appeared optimistic president obama fiscal cliff deal be reached in about a week. today thee mortgages, obama administration will seniors be really careful before signing those. a new starbucks store is likely to a neighborhood near you. the coffee giant plans to open cafes across the country over the next five averaging two new stores a day. >> 6:26 right now. go in as a 2.5 point favorite. >> the goal is to secure a playoff spot. the baltimore ravens have a big challenge...
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Dec 3, 2012
12/12
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to call obama's bluff. one or two results will follow us over the cliff. we go back to recession. that will hurt but the economy will roar back. maybe, just maybe, zombies for obama will realize he has no clue when it comes to the economy. or we don't double dip to the recession. and the debt dissolves to pay the way for the 2016 conservatives. take your chance and take medicine now. over the long run, better for >> kimberly: call his bluff. be strong at the negotiating table to make sure you can do what is best in interest of the country. these are tough time and you have to stand your ground. if you look at the recent polling, obama dropped three points. in polling with the gallup poll. people aren't happy with him anyway. >> eric: there is a counterproposal, around $800 billion in revenue through tax reform. they go through spending cuts. none of the spending cuts in obama's plan. are we so far apart we will go up or is there a meeting ground? 'canes is smart of the republicans. last week, geithner to the treasury secretary and laughed at. across the board, left and right comme
to call obama's bluff. one or two results will follow us over the cliff. we go back to recession. that will hurt but the economy will roar back. maybe, just maybe, zombies for obama will realize he has no clue when it comes to the economy. or we don't double dip to the recession. and the debt dissolves to pay the way for the 2016 conservatives. take your chance and take medicine now. over the long run, better for >> kimberly: call his bluff. be strong at the negotiating table to make sure...
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Nov 29, 2012
11/12
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CNBC
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ceos have just wrapped up their meeting with president obama about the fiscal cliff and minutes ago john harwood landed a big fish. goldman sachs ceo lloyd blank finefein. >> the highlight of the meeting was the intensity from which the white house emphasized that marge al rates as a matter of math and politics have to go up somewhat, if not all the way to 31.6 had to go up and as p he said as a necessary ingredient of a deal, he would support such a rate. >> the president said we would pursue our own interests. i'm not -- i'm certainly not insisting, i don't even desire higher rates. i think there lab drag if revenue goes up and rates go up. but i think there will also be a drag on the american economy if our budget deficit widens out forever, if we're irresponsible and governor doesn't work. left with those four choices, think think -- on the flip side, did republicans ask you to spend any nuts -- i think at this point both sides have acknowledged that there's going to be revenue concessions and entertainment concessions. in fact, if you listen to, it again, i'm not a master of the pol
ceos have just wrapped up their meeting with president obama about the fiscal cliff and minutes ago john harwood landed a big fish. goldman sachs ceo lloyd blank finefein. >> the highlight of the meeting was the intensity from which the white house emphasized that marge al rates as a matter of math and politics have to go up somewhat, if not all the way to 31.6 had to go up and as p he said as a necessary ingredient of a deal, he would support such a rate. >> the president said we...
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Nov 30, 2012
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on president obama. president obama said he would defend the middle class and hardworking people of america again. encouraged by the republicans. you know he had skin in the game, too. >> bret: there are a lot of democrats against the bush era tax cuts. >> right. >> from the beginning. all of them. >> right. >> characterizing them as only for the rich. where now, they actually are for the middle class. as we -- >> that is the great irony. if you go over the cliff, what we're going to get is restoration of the cliff rates. on everybody. which if you watch the campaign the democrats argue that the clintoner rar was economic paradise. so, they balance the budget. they create 20 million new jobs. so why not return to the cliff, tax rates across the board? but i just want to make one point about what the leverage is here. i think the democrats imagine that republicans are going to cave without anything on spending. they are overreaching their hand. the president understands that if he goes over the cliff, you
on president obama. president obama said he would defend the middle class and hardworking people of america again. encouraged by the republicans. you know he had skin in the game, too. >> bret: there are a lot of democrats against the bush era tax cuts. >> right. >> from the beginning. all of them. >> right. >> characterizing them as only for the rich. where now, they actually are for the middle class. as we -- >> that is the great irony. if you go over the...
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obama administration bites and says, yeah, we're prepared to go off the fiscal cliff. >>> roger goodell, the commissioner football fans love to hate. there's a softer, gentler side of goodell. seriously. the nfl commissioner you don't know. "newsroom" starts now. >>> good morning. thank you so much for joining me. i'm carol costello. smoke 'em if you got 'em. recreational marijuana is officially legal in washington state. shall we say a rather mellow celebration at seattle's space needle? pot smokers lit up like it was new year's eve. new voter approved initiative went into effect midnight. this pot party technically, is illegal. wz's law bans smoking pot in public places. for now the seattle police department is turning a blind eye. this notice was sent to all officers last night. until further notice officers shall not take any enforcement action, other than to issue a verbal warning, for a violation of initiative 502. miguel marquez is in seattle. you were there at midnight for the big party, when the law went into effect. what was it like? >> reporter: well, it was a lot of pot bein
obama administration bites and says, yeah, we're prepared to go off the fiscal cliff. >>> roger goodell, the commissioner football fans love to hate. there's a softer, gentler side of goodell. seriously. the nfl commissioner you don't know. "newsroom" starts now. >>> good morning. thank you so much for joining me. i'm carol costello. smoke 'em if you got 'em. recreational marijuana is officially legal in washington state. shall we say a rather mellow celebration at...
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up nt, the obama ultimatum. tax the rich, or he'll take the country over the cliff. vote on the facebook page, do you agree president obama's ultimatum on higher taxes are responsible for driving us over the cliff if that were to occur? we're talking with monicand angela, and lori. that's right, the a-tea is next, and you don't want to miss them. before copd... i took my son fisng every year. we had a great spotot, not easy to find,ut worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bnchitis and emphysema. it should not be taken more an twice a day. symbirt may increase your risk of lung infections, osteoporosis, d some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. with copd, i thought i'd mis
up nt, the obama ultimatum. tax the rich, or he'll take the country over the cliff. vote on the facebook page, do you agree president obama's ultimatum on higher taxes are responsible for driving us over the cliff if that were to occur? we're talking with monicand angela, and lori. that's right, the a-tea is next, and you don't want to miss them. before copd... i took my son fisng every year. we had a great spotot, not easy to find,ut worth it. but with copd making it hard to breathe, i thought...
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Dec 6, 2012
12/12
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WTTG
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. >>> president obama took the fiscal cliff to virginia today. he visited a home in fall's church to talk with one family about how ending the bush-era tax cuts for the middle class would affect them. the high school teacher tiffany santana shares the house with her parents, her husband and her son. she recently contacted the white house about how paying $2,200 more in taxes would hurt them financially. >> if this family has a couple of thousand dollars left to spend, that translates into $200 billion of less consumer spending next year and that is bad for businesses large and small. >> president obama said that he supports keeping the bush-era tax cuts for the middle class but ending them on incomes over $250,000. lawmakers have until january 1st to strike a deal. >>> just a short time ago the national christmas tree was lit. president obama and the first family joined a star-studded cast to help usher in the holiday season. sue palka was there and joins us live tonight from the ellipse. hi, sue. >> reporter: you're catching me at a perfect time
. >>> president obama took the fiscal cliff to virginia today. he visited a home in fall's church to talk with one family about how ending the bush-era tax cuts for the middle class would affect them. the high school teacher tiffany santana shares the house with her parents, her husband and her son. she recently contacted the white house about how paying $2,200 more in taxes would hurt them financially. >> if this family has a couple of thousand dollars left to spend, that...
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Dec 7, 2012
12/12
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WBAL
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obama and john boehner. the uncertainty could take a toll. >> it hasn't affected hiring and layoff decisions yet but it will if we get into next year and haven't nailed this down. >> on monday the president travels to michigan to talked economy at a diesel plant. >> why is superstar sandy plain such a role in the jobs report? >> 24 states were affected one way or the other. businesses had to shut down. between the fiscal cliff and senate come when my has seen it up to 200,000 jobs added. instead we're looking at something more like 100,000 we think. not very good. >> tara mergener, thank you. you can apply for official federal assistance immediately. the deadline is this month for some workers. for more affirmation, call 288- 9050. >> 33 degrees at the airport. after some criticism, could apple be in sourcing its next big project? >> will you be putting fewer gifts under the christmas tree this year? >> a day that still lives in infamy. the anniversary of the attack on pearl harbor. >> scattered showers toda
obama and john boehner. the uncertainty could take a toll. >> it hasn't affected hiring and layoff decisions yet but it will if we get into next year and haven't nailed this down. >> on monday the president travels to michigan to talked economy at a diesel plant. >> why is superstar sandy plain such a role in the jobs report? >> 24 states were affected one way or the other. businesses had to shut down. between the fiscal cliff and senate come when my has seen it up to...
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Dec 1, 2012
12/12
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MSNBCW
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republicans say they are laughing at president obama's fiscal cliff offer. i'll show you how they are really crying. this is "the ed show." let's get to work. >> there are no shortage of pens in the white house. and i carry one around for emergency just in case. just waiting for the chance to use it to sign the bill to make sure people's taxes don't go up. >> the adult in the room continues his campaign to cut taxes for the middle class and john boehner keeps shooting spit balls. the latest on the stalemate and the democrat's upper hand. >>> mitch mcconnell gets ridiculous with his demands to weaken medicare. one of the architects of obama care responds tonight. >>> house republicans pass an immigration. bill democrats say is divisive and inferior. tonight, congressman javier pasara on why the latino community won't. be fooled. >>> the first fast food strike is historic. what you need to know about the lowest-paid workforce in the country. good to have you with us. thanks for watching. president obama knows his opponent is on the ropes and he's not letting u
republicans say they are laughing at president obama's fiscal cliff offer. i'll show you how they are really crying. this is "the ed show." let's get to work. >> there are no shortage of pens in the white house. and i carry one around for emergency just in case. just waiting for the chance to use it to sign the bill to make sure people's taxes don't go up. >> the adult in the room continues his campaign to cut taxes for the middle class and john boehner keeps shooting spit...
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up next, the obama ultimatum. tax the rich, or he'll take the country over the cliff. vote on the facebook page, do you agree president obama's ultimatum on higher taxes are responsible for driving us over the cliff if that were to occur? we're talking with monica and angela, and lori. that's right, the a-team is next, and you don't want to miss them. lou: joining me now the a team, author of "what the bleep just happened" i love that title, radio talk show host monica crowley, and fox news political analyst, angela, and fox business network lori rothman. let's start with, if we may. this fiscal cliff. the republicans, as i mentioned, they are not mounting any kind of response to the charge by the administration. >> not surprising. the republicans have been known for as long time as the stupid party, they are a hot mess, they came out of this elect on the losing end, they have done nothing to try to regroup, this affects every american's life and pocketbook, they still can't get it together with a coherent message based on their core principals, economic freedom, and l
up next, the obama ultimatum. tax the rich, or he'll take the country over the cliff. vote on the facebook page, do you agree president obama's ultimatum on higher taxes are responsible for driving us over the cliff if that were to occur? we're talking with monica and angela, and lori. that's right, the a-team is next, and you don't want to miss them. lou: joining me now the a team, author of "what the bleep just happened" i love that title, radio talk show host monica crowley, and...
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Nov 29, 2012
11/12
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with the so-called fiscal cliff looming mr. obama sends chief negotiator treasury secretary tim gheiter for individual meetings with each member of the conditioningal leadership which includes speaker john boehner, perhaps the most important player here. the meetings mark the beginning of the real negotiations. that doesn't mean the posturing stage is behind us. one capitol hill veteran, former fdic, sheila bair, a long-time staffer by the way who butted heads with geithner in the past, made this interesting observation to david gregory about tim geithner saying he's not the right guy for the white house to be sending in for these talks. >> do you think tim geithner, secretary geithner is the right person to lead the negotiations for the administration sf. >> i don't know. i don't think this is tim's strong suit. i think tim was given the job of treasury secretary because he understood the banking system. he's not a budget guy. he's not a tax guy. he's never really worked in this sphere. >> geithner is leading these talks for t
with the so-called fiscal cliff looming mr. obama sends chief negotiator treasury secretary tim gheiter for individual meetings with each member of the conditioningal leadership which includes speaker john boehner, perhaps the most important player here. the meetings mark the beginning of the real negotiations. that doesn't mean the posturing stage is behind us. one capitol hill veteran, former fdic, sheila bair, a long-time staffer by the way who butted heads with geithner in the past, made...
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Nov 30, 2012
11/12
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CURRENT
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well, president obama is taking his fight over the fiscal cliff today heading to hatfield, pennsylvania. he is going to tour the rhodon group manufacturing facility. >> that's a place the white house says is one of the many businesses that depends upon middle class shoppers this holiday season. rhodon manufactures connect brand. that time group sells toys like angry birds building sets and tinker toys. at the end of the year, as i am sure you know by now the average middle class family is facing a 2,000 dollar tax hike. on monday of this week the white house released a report saying that could be americans spending $200,000,000,000 less in 2013. the president will continue to push his message but is it time to reach a deal over the fiscal cliff? but the g.o.p. is not so keen on a deal, at least the one the white house presented yesterday. the first offer from president obama and treasury secretary timothy geithner included a $1.6 trillion tax increase along with an extension of the payroll answer it cut and unemployment insurance and a request for $50,000,000,000 worth of stimulus spend
well, president obama is taking his fight over the fiscal cliff today heading to hatfield, pennsylvania. he is going to tour the rhodon group manufacturing facility. >> that's a place the white house says is one of the many businesses that depends upon middle class shoppers this holiday season. rhodon manufactures connect brand. that time group sells toys like angry birds building sets and tinker toys. at the end of the year, as i am sure you know by now the average middle class family is...
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Dec 6, 2012
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president obama took his argument on the road again today. an update tonight. >> both sides are trying to sway public opinion their way. president obama travels to falls church, virginia and sat down with a kitchen table talk with a family. the vifert was meant to highlight the consequences of letting the tax cuts expire on the middle class. >> if this family has a couple thousand dollars throast spend it is what the consumers are going to be spending next year. >> democratic leaders are arguing in favor of a tax rate hike on the very rich. >> the people who are making this money are willing to pay the extra money. the american people believe they should pay the extra money. >> republican leaders labeling the president as a spendinged a dignity. >> it is about spending more than he already has. >> economists say that joint economic committee hearing turge two sides to compromise. >> you have to nail this down. >> one telling lawmakers it will take a combination of higher tax rates, tax reform, and spending cuts to avert the fiscal cliff. >> i
president obama took his argument on the road again today. an update tonight. >> both sides are trying to sway public opinion their way. president obama travels to falls church, virginia and sat down with a kitchen table talk with a family. the vifert was meant to highlight the consequences of letting the tax cuts expire on the middle class. >> if this family has a couple thousand dollars throast spend it is what the consumers are going to be spending next year. >> democratic...
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Dec 3, 2012
12/12
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house republican leaders have made a counter offer to president obama in the fiscal cliff negotiations proposing to cut to true knowledge with a combination of spending cuts come entitlement reform, and new tax revenues. there was a three page letter signed by speaker boehner, majority leader eric cantor, and other senior republicans including representative paul ryan. and this mornings "washington journal," we heard about tax reductions and credits that would go away if the fiscal cliff passes in january. >> board or series looking into the so-called fiscal cliff, we turn our attention to deductions and tax loopholes. some of them are potentially on the chopping block. joining us from the wall street journal is don mckinnon. thanks so much for joining us today. what are the loopholes and deductions? we hear those words a lot, but what are they? guest: loopholes or tax breaks of all different sorts, and whether you like a particular loophole or not depends on where you sit, i guess. there are lots of loopholes that are deductions. deductions are those that most people are familiar with
house republican leaders have made a counter offer to president obama in the fiscal cliff negotiations proposing to cut to true knowledge with a combination of spending cuts come entitlement reform, and new tax revenues. there was a three page letter signed by speaker boehner, majority leader eric cantor, and other senior republicans including representative paul ryan. and this mornings "washington journal," we heard about tax reductions and credits that would go away if the fiscal...
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he tim geithner says the obama administration is compared to go over the cliff if taxes on the wealthy don't something up. it's our "news nation" gut check. do you agree? [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. >>> hi, everyone. i'm tamron hall. the "news nation" is following developing news right now. the president is in north
he tim geithner says the obama administration is compared to go over the cliff if taxes on the wealthy don't something up. it's our "news nation" gut check. do you agree? [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. is the same...
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who do you trust to handle the fiscal cliff? 48% believe president obama and republicans will reach an agreement but 43% say they won't. meantime, president obama is giving a stern warning to republicans who may be trying to use the debt ceiling as leverage. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which by the way we have never done in our history until we did it last year, i will not play that game. >> we should say that the president and house speaker john boehner did speak by phone yesterday. that was the first time in a week. no one is saying what the conversation was about. shortly after that call treasury secretary tim geithner went on cnbc and said the white house is ready to go off the cliff. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff in. >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on
who do you trust to handle the fiscal cliff? 48% believe president obama and republicans will reach an agreement but 43% say they won't. meantime, president obama is giving a stern warning to republicans who may be trying to use the debt ceiling as leverage. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which by the way we have never done in our history until...
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Dec 6, 2012
12/12
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spoke on the phone with house speaker john boehner on avoiding the fiscal cliff. but boehner as facing a growing backlash among rank and file republicans. some say they will never support tax hikes but others are breaking with the leadership saying they will support the president's demand for an increase on rates on upper incomes. >>> new this morning, more support for a push to crack down on texting while driving in virginia. legislation is in the works that would classify texting behind the wheel as reckless driving. the virginia state crime commission has announced its support for the measure. it is not expected to be taken up until early next year. ext y >>> time now not morning line and everybody is talking about sunday's redskins-ravens game. redskins have lost the last two against baltimore. now, as far as the redskins injuries are concerned, london fletcher sat out of practice yesterday with an ankle injury and left tackle trent williams continues to nurse a deep thigh bruise. deangelo hall is in a boot but it is like lie all of them way play this weekend.
spoke on the phone with house speaker john boehner on avoiding the fiscal cliff. but boehner as facing a growing backlash among rank and file republicans. some say they will never support tax hikes but others are breaking with the leadership saying they will support the president's demand for an increase on rates on upper incomes. >>> new this morning, more support for a push to crack down on texting while driving in virginia. legislation is in the works that would classify texting...
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cliff. earlier today the president met with a family in fairfax county struggles of the middle class. mr. obama sat down with tiffany and richard santana. they're living with tiffany's parents in their effort to make ends meet. tiffany wrote to the white house about how across the board tax hikes would affect them. she did not expect a personal visit, though, from the president. >> so overwhelming to know that the leader of the free world is sitting at your kitchen table. being more like a $4,000 tax increase for us, which would be relatively devastating for our family. >> republicans are refusing any deal that raises taxes. the president says he'll only sign a deal that raises taxes on the wealthiest 2%. >>> there is a newest mat tonight on the cleanup costs from superstorm sandy. new jersey's governor chris christie says the storm caused $37 billion in damages to his state alone. today he made the rounds at the white house and on capitol hill. he's asking lawmakers for an additional $88$83
cliff. earlier today the president met with a family in fairfax county struggles of the middle class. mr. obama sat down with tiffany and richard santana. they're living with tiffany's parents in their effort to make ends meet. tiffany wrote to the white house about how across the board tax hikes would affect them. she did not expect a personal visit, though, from the president. >> so overwhelming to know that the leader of the free world is sitting at your kitchen table. being more like...
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Dec 1, 2012
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that is president obama's lead negotiator in the fiscal cliff talks. it's all happening tomorrow on fox news sunday. check your local listings for the time and channel in your area. >> rick: speak of the president, we could soon be learning who he wants to have serve in his administration in his second term. source telling fox news, a slate of nominations could be coming this month and that would likely include a replacement for the defense secretary, leon panetta, and if that does happen, it will come a little sooner than a lot of people had expected. the short list reportedly includes former republican senator chuck hagel, deputy defense secretary ashton carter, michelle floroni, a top official and democratic senator john kerry >> arthel: a reported murder-suicide rocking the nfl today. police say kansas city chiefs linebacker gentleman von belcher shot and killed his girlfriend this morning. he than drove to arrowhead stadium where he killed himself in front of his coach and general manager. elizabeth prann live from atlanta with more on this very s
that is president obama's lead negotiator in the fiscal cliff talks. it's all happening tomorrow on fox news sunday. check your local listings for the time and channel in your area. >> rick: speak of the president, we could soon be learning who he wants to have serve in his administration in his second term. source telling fox news, a slate of nominations could be coming this month and that would likely include a replacement for the defense secretary, leon panetta, and if that does...
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Dec 1, 2012
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host: what do the tea party people have to do with the fiscal cliff? caller: we would not have if this -- we would have a fiscal cliff if not for the tea party republicans. the republicans will never agree with obama. they will never do it. they are undercover klansmen. they go up to washington and have been causing us trouble ever since. we're going to take our brains to the polls next time. host: from pennsylvania on the line for republicans. caller: a couple of points. one has to do with president obama saying we must have a balanced approach. the second one has to do with the term mandate. the third has to do with what the congress is. president obama says we must have a balanced approach to this. when i look at the term balance, i think, ok. the have revenue increases. you must also have at the same time expenditure decreases. i hear nothing but let's increase revenue, i hear nothing about decrease in expenditures. the only reference that has been made is "we will do that in the out years, six years down the line." according to the constitution, e
host: what do the tea party people have to do with the fiscal cliff? caller: we would not have if this -- we would have a fiscal cliff if not for the tea party republicans. the republicans will never agree with obama. they will never do it. they are undercover klansmen. they go up to washington and have been causing us trouble ever since. we're going to take our brains to the polls next time. host: from pennsylvania on the line for republicans. caller: a couple of points. one has to do with...
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Dec 6, 2012
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. >> 20 days until the fiscal cliff. there's a possibility if the white house and congressional leaders could resume negotiations. president obama call don banner to discuss ways to avert this. congress's joint economic committee will hold. today on how the fiscal cliff could affect the middle class economic growth, and the deficit. >> it's 35 degrees on this thursday morning. next, an unusual decision by judge. >> which of two people with a criminal past deserved to go to annapolis to represent prince george's county? greg good morning and welcome back. right now we are little busy on the maryland beltway. not seeing any delays for now but prepare for the morning rush-hour. this is footage from a tractor- trailer that overturned loaded with boxes of pineapples. leaving college park and to 270 the right lane will be blocked the entire morning rush hour. they're waiting for a truck to offload the boxes. john gonzalez will have more details later. but the right lane will be blocked through the morning rush hour. after 9:00
. >> 20 days until the fiscal cliff. there's a possibility if the white house and congressional leaders could resume negotiations. president obama call don banner to discuss ways to avert this. congress's joint economic committee will hold. today on how the fiscal cliff could affect the middle class economic growth, and the deficit. >> it's 35 degrees on this thursday morning. next, an unusual decision by judge. >> which of two people with a criminal past deserved to go to...
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Dec 7, 2012
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that's why we think it could drift over the cliff. >> we'll see. i know you've been a champion of apple all year. we're going to ask you on the countdown if you'd still buy apple at these lower levels. that's still to come later. thank you, my friend. before we go to commercial here, some sad news for the business world and our family here at cnbc. saul steinberg, the father of our maria bartiromo, died earlier today at the age of 73. he was best known for launching a string of takeovers back in the 1980s. he was also an avid art collector and a major benefactor at the wharton school of business at the university of pennsylvania. he leaves behind a wife and five children, including maria's husband, our johnathan steinberg. our sincerest condolences to his family and friends and my dear friend maria, who is obviously with the family. saul steinberg, dead at the age of 73. there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraor
that's why we think it could drift over the cliff. >> we'll see. i know you've been a champion of apple all year. we're going to ask you on the countdown if you'd still buy apple at these lower levels. that's still to come later. thank you, my friend. before we go to commercial here, some sad news for the business world and our family here at cnbc. saul steinberg, the father of our maria bartiromo, died earlier today at the age of 73. he was best known for launching a string of takeovers...
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. >> the showdown over the fiscal cliff. a new poll suggests president obama has the american people's support when it comes to taxing the wealthy. this poll shows nearly half of those surveyed once bush eras tax cuts to expire for those making more than $250,000 a year. the poll was taken last weekend. the questions did lean more to the men -- to the democratic party. eric cantor says republicans want to sit down with the president and talk specifics. president obama spoke with business executives, calling for a balanced approach combining taxes with cuts. the president rejected a gop counter offer, which targeted government cuts but did not add any new taxes. if the deal is not reached by january 1, everyone's taxes will go up and automatic spending cuts will go into affect. >> starbucks makes news for two reasons. why they want you to spend $450 this holiday season for one product. >> a would-be thief sets off a bomb next to an atm. what wins? pictures that will show you. >> feeling like >> ready ms from the district. pol
. >> the showdown over the fiscal cliff. a new poll suggests president obama has the american people's support when it comes to taxing the wealthy. this poll shows nearly half of those surveyed once bush eras tax cuts to expire for those making more than $250,000 a year. the poll was taken last weekend. the questions did lean more to the men -- to the democratic party. eric cantor says republicans want to sit down with the president and talk specifics. president obama spoke with business...
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Nov 29, 2012
11/12
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>>> plus, are we seeing the first signs of republicans giving ground on the fiscal cliff? oklahoma's tom cole, a member of congress says the grand old party should take president obama's view, extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris kearns goodwin joins us. >>> let me finish with how lincoln outlawed slavery for good and how he did it using politics. this is "hardball," the place for politics. >>> how's this for irony? mitt romney has finally captured 47% of america. remember this video that sunk the romney campaign? >> there are 47% of the people who will vote for the president no matter what. 47% who are with him, who are dependent upon government, who believe they are victims, who believe the government has a responsibility to care for them. >> well, the cook report points out romney shared a popular vote of this country has fallen to, you guessed it, 47.4%. as expected to fa
>>> plus, are we seeing the first signs of republicans giving ground on the fiscal cliff? oklahoma's tom cole, a member of congress says the grand old party should take president obama's view, extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris kearns goodwin joins us. >>>...
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Dec 6, 2012
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. >>> deadlock, that's how people on capitol hill are describing the talks to avoid the fiscal cliff. president obama and john boehner did speak on the issue today, but the results of that conversation not public. the white house has now asked federal agencies to plan for more than $100 billion in cuts. that's what happens if the issue is not resolved by december 31st. >> we've got to cut spending and i believe it's appropriate to put revenues on the table. >> let's allow higher rates to go up for the top 2%. that includes all of you, yes? >> president obama speaking to business leaders when he made that comment today at the white house. insists he will veto any bill that does not include tax increases on wealthier americans. >>> coming up an online shopping horror story, a maryland woman's story may convince you to read the fine print. >> last night we were around 60 degrees most places at this hour. tonight we're some 20 degrees colder than that. i'll let you know how low it gets overnight and if we'll see more warm air on the horizon, but get ready for a chilly overnight. the rest
. >>> deadlock, that's how people on capitol hill are describing the talks to avoid the fiscal cliff. president obama and john boehner did speak on the issue today, but the results of that conversation not public. the white house has now asked federal agencies to plan for more than $100 billion in cuts. that's what happens if the issue is not resolved by december 31st. >> we've got to cut spending and i believe it's appropriate to put revenues on the table. >> let's allow...
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, that they were working through a deal to avoid the fiscal cliff. now a number of democrats have been pushing back saying we have not been excluded. nancy pelosi says she has spoken to the president. there are also a number of republicans saying that they are involved. michael steele, who was a spokesman for the speaker said, if we are going to solve this problem, the white house and speaker have important roles. the bottom line is that it's probably the president and speaker doing the heavy lifting on this but we will see what speaker boehner has to say. we'll have that for you live at the top of the hour. >>> in the meantime, amazing new video from nasa. you may have already seen these incredible pictures. look at this. this is the earth at night illuminated by city lights across the planet. but there's this new report about whether nasa can maintain its leadership role in space exploration. let me bring informer space shuttle engineer, james oberg. it's been a while. thank you, james. >> hello, chris. >> the council is saying that nasa is at a cr
, that they were working through a deal to avoid the fiscal cliff. now a number of democrats have been pushing back saying we have not been excluded. nancy pelosi says she has spoken to the president. there are also a number of republicans saying that they are involved. michael steele, who was a spokesman for the speaker said, if we are going to solve this problem, the white house and speaker have important roles. the bottom line is that it's probably the president and speaker doing the heavy...
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. >> 26 days until we reached the fiscal cliff. there's hope that the bacon soon return to the negotiating table. president obama called the house speaker to discuss ways to prevent huge tax increases and spending cuts in january. congress' joint economic committee will hold talks today. >> propofol hockey is returning to the verizon center for one night. tonight the admirals' of norfolk will play. -- professional hockey is returning. there are signs the ice could be thawing between players and owners. both sides sound optimistic the season can be salvaged. talks will continue today. the work stoppage has wiped out all games through december 14 as well as the new year's day winter classic and the all-star game. >> same-sex marriage licenses will be issued starting today and several maryland counties. couple will be able to get married starting on january 1. some counties that have confirmed they will begin issuing licenses today include anne arundel frederick, and montgomery. maryland maine, and washington became the first states t
. >> 26 days until we reached the fiscal cliff. there's hope that the bacon soon return to the negotiating table. president obama called the house speaker to discuss ways to prevent huge tax increases and spending cuts in january. congress' joint economic committee will hold talks today. >> propofol hockey is returning to the verizon center for one night. tonight the admirals' of norfolk will play. -- professional hockey is returning. there are signs the ice could be thawing between...
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president obama said the approaching fiscal cliff will add to the holiday stress for american families. the president did not meet with congressional leaders on the fiscal cliff, instead, he met with a local middle class family. danielle lee joins us from capitol hill. danielle? >> reporter: doreen, president obama said he's highlighting the impact of tax heights on the middle class. there's growing pressure to stop the campaigning and sit down face to face. avoiding the bickering on capitol hill today, president obama headed to northern virginia. he sat down with tiffany santana and her family to put a face on the fiscal cliff. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: tef any had used twitter to tell the president her family can't afford a tax increase. and the white house released this video. >> $2,000 for me would be paying a month's rent. >> reporter: back in washington, more gridlock. >> it's up to the republicans to decide ho
president obama said the approaching fiscal cliff will add to the holiday stress for american families. the president did not meet with congressional leaders on the fiscal cliff, instead, he met with a local middle class family. danielle lee joins us from capitol hill. danielle? >> reporter: doreen, president obama said he's highlighting the impact of tax heights on the middle class. there's growing pressure to stop the campaigning and sit down face to face. avoiding the bickering on...
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. >>> in raw politics, with the country one day closer to the fiscal cliff, president obama took his case to the public today. he used an event in pennsylvania to rachet up the pressure on republicans to freeze taxes for the middle class while allowing the tax rates on the wealthy to go up. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> in other words, the day after the white house puts its opening bid on the table, the president comes out swinging. that opening bid didn't have a whole lot of concessions in it to the republicans, and the republicans reacted as many would have predicted. they were mad. basically saying that offer was an insult. today, house speaker john boehner doubled down. >> it was not a serious proposal. and so right now, we're almost nowhere. >> that doesn't sound good. republican congressman lee terry of nebraska was just as succinct but how shall i say this? more colorful. he told the "omaha world heral
. >>> in raw politics, with the country one day closer to the fiscal cliff, president obama took his case to the public today. he used an event in pennsylvania to rachet up the pressure on republicans to freeze taxes for the middle class while allowing the tax rates on the wealthy to go up. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. that's sort of like the lump of coal you get for christmas. that's a...
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president obama hitting the road to push his plan for avoiding the fiscal cliff. the president is taking his message now directly to the american people at a toy manufacturing company in pennsylvania. just the last hour or so. he urged workers to put pressure on congress. listen. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. every family. everybody here. i'm assuming that doesn't sound too good for you. that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> so here's the president's plan. the president's proposal calls for $1.6 trillion in new taxes. it includes $50 billion in new stimulus spending. it includes $400 billion in cuts to medicare and other entitlement programs to be worked out next year. republicans, they're calling this plan completely unbalanced, unrealistic. we just saw house speaker john boehner saying it's time for the froze get serious in this battle. i want to bring in dana bash. we saw speaker boehner there essentially saying that this i
president obama hitting the road to push his plan for avoiding the fiscal cliff. the president is taking his message now directly to the american people at a toy manufacturing company in pennsylvania. just the last hour or so. he urged workers to put pressure on congress. listen. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. every family. everybody here. i'm assuming that doesn't sound too good for you. that's sort of...
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state governors meeting with president obama to express their fears about the fiscal cliff while both sides squabble. we are going to get an expert lesson from a best-selling author on the art of getting deals done. investors are getting ready for friday's crucial employment report. so where are the jobs right now who is hiring? who is creating them in the face of the fiscal cliff? we have got the answers and they may surprise you. >>> and let the debate begin. it's a little fuzzy, roll the tape. there you go a new study says high-speed trading on wall street is hurting the small investor and even puts a price tag on exactly how much the little guy is getting killed. you know they're talking about that one, sue, down at the new york stock exchange. how are you doing, sue? >> great, ty. indeed they are talking about that and we are going to talk bhort exact numbers on that study in just a few minutes. stocks are steady. talks continuing in washington. we are just down about 12 points on the dow jones industrial average, 27 days until america goes over that fiscal cliff. the president j
state governors meeting with president obama to express their fears about the fiscal cliff while both sides squabble. we are going to get an expert lesson from a best-selling author on the art of getting deals done. investors are getting ready for friday's crucial employment report. so where are the jobs right now who is hiring? who is creating them in the face of the fiscal cliff? we have got the answers and they may surprise you. >>> and let the debate begin. it's a little fuzzy,...
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for the "fiscal cliff." the deadline for the president and congress to find a way to avoid tax increases and spending cuts is 25 days away. president obama made a special point to sit with a middle class family in virginia this afternoon. he was trying to offer an example of who would be hurt by the republican tax proposal. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives the sense of the costs involved in very personal terms. >> republicans are standing behind their counter-offer to chose tax loopholes and limit some deductions. they say the president needs to deliver a new plan that they can agree on and soon. it's also important to note that congress is scheduled to adjourn december 21st and the president is supposed to be headed to hawaii for vacation on december 17. >>> after doing some downsizing starbucks is back to brewing up some expansion plans and that includes another san francisco store. at market and sanchez. cbs 5 rep
for the "fiscal cliff." the deadline for the president and congress to find a way to avoid tax increases and spending cuts is 25 days away. president obama made a special point to sit with a middle class family in virginia this afternoon. he was trying to offer an example of who would be hurt by the republican tax proposal. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives the sense of the costs involved...